BUYER’s guide · • Credit report ordered • Loan pre-approval received 2. Underwriting •...

BUYER’s guide

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We are a not only a group of well trained agents, we have a full time Listing & Transactions Coordinator supporting you from contract to close. Clients, brokers, and agents seek to work with us. They know we care, answer our phones, keep our word, and are true professionals in our field.

W e ’ v e g o t yo u c o v e r e d

Remain laser-focused on delivering exceptional service while providing a legendary experience. Provide sound advice to make optimal real estate decisions. Dominate the competition by utilizing our aggressive marketing techniques, broad network, and extensive knowledge. Distinguish specific needs and implement a strategy to obtain the most favorable price, terms, and conditions for each transaction.

o u r m i s s i o n :

• Welcome and embrace change• Remain innovative• Outperform the competit ion• Empathize with l i fe’s unique

circumstances• Be solut ion-oriented• Do al l things with integrity• Stay humble and grounded• Priorit ize professional growth

and development• Be dependable and rel iable• Give back to the community

o u r p r o m i s eI n d u s t r yLEADERS avvy

oyal

mpowering

uthentic

r iven

thical

eputable

exceeding expectations since 2010

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SALES IN 2018 AND 2019Over 600 Homes SOLD with Over $158 million in Sales


Knowledgeable, professional, and proven team of REALTORS® who

represent you.

Organizing and scheduling homes to view based upon your specific

criteria.

Thorough consultation to determine your unique wants and

needs in a home.

Personally touring homes and neighborhoods with you.

Advice on making offers based on an expert market evaluation and

analysis of other homes sold.

Keeping you informed about and delivering opportunities to view homes not yet on the market.

Committed allies who will complete your purchase contract, present

your offer, and negotiate on your behalf.

Assistance with any post-closing questions.

Preparation of all disclosures and documents, and guidance through

the escrow process.

Our Value


STRATEGY• Find a REALTOR® you can trust• Strategic home buyer consultation• Set up tailored search

Financing• Mortgage application• Obtain pre-approval

Showings• View your favorites• Find your home

Offer & Negotiations• Market analysis• Write your offer• Negotiations & counter-offers

Protection• Offer accepted• Earnest money/due diligence• Inspections

contract• Appraisal• Final underwriting• Title work• Insurance• Utilities in your name

closing• Final walk-through• Close on your home• Deed recorded• Get your keys!

YOUR NEW HOME!

your home buying road map


F i n a n c i n gWe can provide you with a referral to qualified lenders for financing pre-approval and/or rate shopping.

If you are funding your purchase with cash, you will need to secure proof of funds.

M o r t g a g e P r e - A p p r o v a lHow much can you afford? Key factors to consider

The down payment Your debt-to-income ratio The interest rate The closing costs associated with the transaction

Down Payment RequirementsLOAN TYPE DOWN PAYMENT DETAILS

CONVENTIONAL 5%You can put as little as 5% down and as much as you want. Any time you put less than 20% down, you will have to pay some type of mortgage insurance.

FHA 3.5%The lowest traditional down payment program, there is additional mortgage

insurance.

VA 0%A special program for military buyers that allows them to purchase with no

money down

USDA 0%A Zero down payment mortgage option available to home buyers who wish to

purchase in a qualified rural area.There are many down payment assistance programs available through our preferred vendors. Just ask us for more information to find out if you qualify.

Closing CostsYou will be required to pay fees for loan processing and other closing costs. These fees must be paid in full at the clos-ing, unless you are able to include them in your financing. This is called “Seller Paid Closing Costs” and we will deter-mine with the help of your lender if this is appropriate for your situation.

Prepaid Insurance Prepaid HOA Fees (when applicable) Title FeesPrepaid taxes (up to 6 months) Mortgage Origination Fee Closing Fees Appraisal fee

Examples:


OVERVIEW OF THE LOAN PROCESS

1. Financial Pre-Approval• Application and interview with a mortgage

loan officer• Buyer provides pertinent documentation,

including verification of employment, taxes, etc.

• Credit report ordered• Loan pre-approval received

2. Underwriting• Loan package submitted to underwriter for

approval when offer is accepted on a home to purchase.

3. Loan Approval• Parties notifies of approval of the loan• Loan documents completed and sent to

escrow

4. Closing• Borrowers sign loan documents with a

notary or the title representative• Borrowers may need to wire funds for

balance of down payment and closing costs

5. Funding• Lender reviews the loan package• Funds transferred by wire


MAKING AN OFFER

Determine Fair OfferWe will prepare an analysis of comparable sales to assist in determining an appropriate and fair price for the home.

Submitting The OfferWe will write an offer and discuss all of the terms and questions you may have before submitting it to the listing agent.

Negotiating Best PriceAs your agent, we will handle all negotiations to obtain the best possible price and terms for you.

Sign Electronic DocumentsWe provide a secure electronic document storage software. This enables you to sign offers and other documents electronically, allowing for a convenient and easy way to communicate.

Escrow DepositYou will need to provide an earnest money deposit at the time of an accepted offer.


1. PriceCurrent market value, overall condition, and seller motivation are a few things to consider when making an offer. Although it may be tempting to make a low offer, it is not always in your best interest as it may offend/insult the seller and prevent them from negotiating.

2. Move-in DateIf you can be flexible on the possession date, this may make your offer more attractive over other potential offers.

3. Additional PropertyOften, the seller plans on leaving major appliances in the home; however, which items stay or go is often a matter of negotiation. Most things attached (considered a fixture) stays with the property, i.e. a dishwasher or microwave/range hood combo. Additional items must be requested.

NEGOTIABLE TERMS OF YOUR OFFER


Are you considering a new construction home? There are many beautiful new construction options, and many builders offer fantastic incentives, like money toward your closing costs and excellent home warranties. There are many benefits to working with your own REALTOR® who only represents your best interests when negotiating with the builder. After all, the builder’s representative works for the builder, after all. We work closely with the builder’s representative to find out their bottom line and get you the best available deal!

WE WILL:• Visit new construction communities with you• Share knowledge about the area and housing

trends• Help you negotiate the best possible price and

terms• Advise on current design trends, recommend

cost effective upgrade and design options to be completed on your own post-closing

• Recommend upgrades that may be important to resale value

• Perform property walks with you in each stage of the building process

• Take photos and/or videos to keep you up to date on all progression should you not be available or in the area

• Recommend a professional home inspector should you decide to have the home inspected prior to the completion of your home

• Be present for the final walk-through to help you look over every inch of your new home

If you are considering a new construction home, call us first to ensure you view new construction homes with an experienced REALTOR® who has YOUR best interests in mind.

NEW CONSTRUCTION


Open Houses

New ConstructionFor Sale by Owner

WE CAN HELP WITH ANY HOME FOR SALE

Internet Listings

We will build your auto search and portal account based on price, location and specific criteria. You will have access to search for new listings in real-time.

You provide feedback and send your top homes of interest to us for review with your questions and showing requests.

We will set up showings and begin viewing your top home choices.

We will work together to narrow down your preferred list until you find the home you want to buy!


CLOSING On Your HomePreparing to Close• Final Walk-Through• Review Closing Statement with Lender• Transfer of Utilities into Your Name

What Will You Need?• Bring valid government-issued photo ID• Confirmation of wire transfer for closing

funds

When Closing is Finished...• Once all documents are signed and the transaction has funded, you

will receive the keys and possession to your new home, unless another agreement has been put into place.

• If you are purchasing your primary home, be sure to file for the homestead tax exemption.

Congratulations!!!


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BUYER’s guide · • Credit report ordered • Loan pre-approval received 2. Underwriting •...

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Transcript of BUYER’s guide · • Credit report ordered • Loan pre-approval received 2. Underwriting •...